$3 Million Modified Performance Bond for 152+ Acre Subdivision Approved by the City of Winter Haven
by James Coulter
A 152+ acre subdivision has nearly completed the first phase of improvements, and will be moving toward the second phase now that the City of Winter Haven has approved the improvements made and modified the performance bond.
At their meeting on Wed. Sep. 10, Winter Haven city commissioners voted unanimously to approve a resolution concerning the Willowbrook South Subdivision.
Located north of Martin Luther King Jr. Boulevard, the 152+ acre subdivision contains 234 building lots and ten common lots. Its platting had been approved by the City on Dec. 9, 2024.
“However, certain improvements were not completed at that time,” wrote Senior Planner Chris Young.
As such, a $4,315,750.45 performance bond was issued by Lexon Insurance “to guarantee completion of all required infrastructure and improvements for the subdivision.”
These incomplete improvements, as Young wrote, included “earthwork, sanitary sewer, potable water, stormwater management, off-site roadway improvements, and engineering certification.”
“At this time, they have completed the required infrastructure for ‘Phase 1’ and are now seeking the City’s acceptance of those improvements to be dedicated to the City and to modify the Performance Bond submitted as part of the subdivision plat approval process,” Young further elaborated.
As such, a modified performance bond issued by the same insurance company had been submitted for $3,132,415.76.
City commissioners voted unanimously to approve this modified performance bond and the completed improvements.
